References
- Agarwal, A. K., Das, A., Jacob, J., & Mohapatra, S. (2020). Introduction to the special issue on financial distress, bankruptcy, and corporate finance. Vikalpa: The Journal for Decision Makers, 45(2), 61–20. https://doi.org/10.1177/0256090920953995
- Agoraki, M. E. K., Delis, M. D., & Pasiouras, F. (2011). Regulations, competition and bank risk-taking in transition countries. Journal of Financial Stability, 7(1), 38–48. https://doi.org/10.1016/j.jfs.2009.08.002
- Al‐Tamimi, H. A. H. (2012). The effects of corporate governance on performance and financial distress: The experience of UAE national banks. Journal of Financial Regulation and Compliance, 20(2), 169–181. https://doi.org/10.1108/13581981211218315
- Alam, N., Hamid, B. A., & Tan, D. T. (2019a). Does competition make banks riskier in dual banking system. Borsa Istanbul Review, 19(1), S34–S43. https://doi.org/10.1016/j.bir.2018.09.002
- Alam, N., Hamid, B. A., & Tan, D. T. (2019b). Does competition make banks riskier in dual banking system? Borsa Istanbul Review, 19(Suppl. 1), 34–43 https://doi.org/10.1016/j.bir.2018.09.002.
- Alegria, C., & Schaeck, K. (2008). On measuring concentration in banking systems. Finance Research Letters, 5(1), 59–67. https://doi.org/10.1016/j.frl.2007.12.001
- Allen, B., Chan, K. K., Milne, A., & Thomas, S. (2012). Basel III: Is the cure worse than the disease? International Review of Financial Analysis, 25 (C) , 159–166. https://doi.org/10.1016/j.irfa.2012.08.004
- Altman, E. I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. The Journal of Finance, 23(4), 589–609.
- Altman, E.I. (2013). Predicting financial distress of companies: revisiting the Z-score and ZETA® models. In Handbook of research methods and applications in empirical finance. Edward Elgar Publishing. available at https://www.elgaronline.com/view/edcoll/9780857936080/97 https://www.elgaronline.com/view/edcoll/9780857936080/9780857936080.00027.xml accessed during July 2021
- Altman, E. I., & Hotchkiss, E. (2010). Corporate financial distress and bankruptcy: Predict and avoid bankruptcy, analyze and invest in distressed debt (Vol. 289). John Wiley & Sons.
- Amendola, A., Restaino, M., & Sensini, L. (2015). An analysis of the determinants of financial distress in Italy: A competing risks approach. International Review of Economics & Finance, 37(C), 33–41. https://doi.org/10.1016/j.iref.2014.10.012
- Baimwera, B., & Muriuki, A. M. (2014). Analysis of corporate financial distress determinants: A survey of non-financial firms listed in the NSE. International Journal of Current Business and Social Sciences, 1(2), 58–80 https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.1077.7173&rep=rep1&type=pdf.
- Bakar, S., & Noordin, B. A. A. (2021). The dynamic impacts of financial determinants and ownership concentration toward firm survival in Malaysia. In W. A. Barnett & B. S. Sergi (Eds.), Recent developments in Asian economics international symposia in economic theory and econometrics. Emerald Publishing Limited, 397. https://doi.org/10.1108/S1571-038620210000028023. .
- Barney, J. B., & Harrison, J. S. (2020). Stakeholder theory at the crossroads. Business and Society, 59(2), 203–212. https://doi.org/10.1177/0007650318796792
- Bateni, L., Vakilifard, H., & Asghari, F. (2014). The influential factors on capital adequacy ratio in Iranian banks. International Journal of Economics and Finance, 6(11), 108–116. https://doi.org/10.5539/ijef.v6n11p108
- Beaver, W. H. (1966). Financial ratios as predictors of failure. Journal of Accounting Research, 4 (1966) , 71–111. https://doi.org/10.2307/2490171
- Beck, T., De Jonghe, O., & Schepens, G. (2013). Bank competition and stability: Cross-country heterogeneity. Journal of Financial Intermediation, 22(2), 218–244. https://doi.org/10.1016/j.jfi.2012.07.001
- Beck, T., Demirgüç-Kunt, A., & Levine, R. (2006). Bank concentration, competition, and crises: First results. Journal of Banking & Finance, 30(5), 1581–1603. https://doi.org/10.1016/j.jbankfin.2005.05.010
- Bell, A., Fairbrother, M., & Jones, K. (2019). Fixed and random effects models: Making an informed choice. Quality & Quantity, 53(2), 1051–1074. https://doi.org/10.1007/s11135-018-0802-x
- Berger, A. N., Demirguc-Kunt, A., Levine, R., & Haubrich, J. G. (2004). Bank concentration and competition: An evolution in the making. Journal of Money, Credit, and Banking, 36(3), 433–451. https://doi.org/10.1353/mcb.2004.0040
- Berger, A., Klapper, L., & Turk-Ariss, R. (2009). Bank competition and financial stability. Journal of Financial Services Research, 35(2), 99–118. https://doi.org/10.1007/s10693-008-0050-7
- Boyd, J. H., & De Nicolo, G. (2005). The theory of bank risk taking and competition revisited. The Journal of Finance, 60(3), 1329–1343. https://doi.org/10.1111/j.1540-6261.2005.00763.x
- Brissimis, S. N., Delis, M. D., & Papanikolaou, N. I. (2008). Exploring the nexus between banking sector reform and performance: Evidence from newly acceded EU countries. Journal of Banking & Finance, 32(12), 2674–2683. https://doi.org/10.1016/j.jbankfin.2008.07.002
- Camacho‐Miñano, M. D. M., Muñoz-Izquierdo, N., Pincus, M., & Wellmeyer, P. (2020). Are key audit matter disclosures useful in assessing financial distress? Available at: https://www.researchgate.net/profile/Maria-Del-Mar-Camacho-Minano/publication/349168773_Are_Key_Audit_Matter_Disclosures_Useful_in_Assessing_Financial_Distress/links/6088194e2fb9097c0c12fb46/Are-Key-Audit-Matter-Disclosures-Useful-in-Assessing-Financial-Distress.pdf, Accessed on June 2021.
- Carson, M. J. (1995). Financial distress in the life insurance industry: An empirical examination. Illinois University, 1211–1240 https://www.actuaries.org/AFIR/colloquia/Orlando/Carson.pdf.
- Carter, D. A., & Mcnulty, J. E. (2005). Deregulation, technological change, and the business-lending performance of large and small banks. Journal of Banking & Finance, 29(5), 1113–1130. https://doi.org/10.1016/j.jbankfin.2004.05.033
- Cetorelli, N. (2001). Competition among banks: Good or bad? Economic Perspectives-Federal Reserve Bank of Chicago, 25(2), 38–48 https://fraser.stlouisfed.org/files/docs/historical/frbchi/economicperspectives/frbchi_econper_2001q2.pdf#page=40.
- Cipollini, A., & Fiordelisi, F. (2012). Economic value, competition and financial distress in the European banking system. Journal of Banking & Finance, 36(11), 3101–3109. https://doi.org/10.1016/j.jbankfin.2012.07.014
- Dávila, E., & Walther, A. (2020). Does size matter? Bailouts with large and small banks. Journal of Financial Economics, 136(1), 1–22. https://doi.org/10.1016/j.jfineco.2019.09.005
- Deb, S., & Dube, I. (2020). Insolvency and Bankruptcy Code 2016: Revisiting with market reality. International Journal of Law and Management, 63(1), 125–146. https://doi.org/10.1108/IJLMA-05-2020-0133
- Deidda, L., & Fattouh, B. (2005). Concentration in the banking industry and economic growth. Macroeconomic Dynamics, 9(2), 198–219. https://doi.org/10.1017/S1365100505040174
- Demirgüç-Kunt, A., & Detragiache, E. (2011). Basel core principles and bank soundness: Does compliance matter? Journal of Financial Stability, 7(4), 179–190. https://doi.org/10.1016/j.jfs.2010.03.003
- Elloumi, F., & Gueyié, J.-P. (2001). Financial distress and corporate governance: An empirical analysis. Corporate Governance: The Int J of Effective Board Performance, 1(1), 15–23. https://doi.org/10.1108/14720700110389548
- Farooq, U., Jibran Qamar, M. A., & Haque, A. (2018). A three-stage dynamic model of financial distress. Managerial Finance, 44(9), 1101–1116. https://doi.org/10.1108/MF-07-2017-0244
- Freeman, R. E., Harrison, J. S., Wicks, A. C., Parmar, B. L., & De Colle, S. (2010). Stakeholder theory: The state of the art. Cambridge University Press.
- Garlappi, L., & Yan, H. (2011). Financial distress and the cross‐section of equity returns. The Journal of Finance, 66(3), 789–822. https://doi.org/10.1111/j.1540-6261.2011.01652.x
- Gebreslassie, E. (2015). Determinants of financial distress conditions of commercial banks in Ethiopia: A case study of selected private commercial banks. Journal of Poverty, Investment and Development, 13(2422), 59–74 https://core.ac.uk/download/pdf/234695253.pdf.
- Gordon, M. J. (1971). Towards a theory of financial distress. The Journal of Finance, 26(2), 347–356. https://doi.org/10.1111/j.1540-6261.1971.tb00902.x
- Gupta, A. (2018). Insolvency and bankruptcy code, 2016: A paradigm shift within insolvency laws in India. The Copenhagen Journal of Asian Studies, 36(2), 75–99. https://doi.org/10.22439/cjas.v36i2.5650
- Gyimah, D., Siganos, A., & Veld, C. (2021). Effects of financial constraints and product market competition on share repurchases. Journal of International Financial Markets, Institutions and Money, 74 (C) , 101392. https://doi.org/10.1016/j.intfin.2021.101392
- Habib, A., Costa, M. D., Huang, H. J., Bhuiyan, M., Uddin, B., & Sun, L. (2020). Determinants and consequences of financial distress: Review of the empirical literature. Accounting and Finance, 60(S1), 1023–1075. https://doi.org/10.1111/acfi.12400
- Halteh, K., Kumar, K., & Gepp, A. (2018). Financial distress prediction of Islamic banks using tree-based stochastic techniques. Managerial Finance, 44(6), 759–773. https://doi.org/10.1108/MF-12-2016-0372
- Hamadi, H., & Awdeh, A. (2012). The determinants of bank net interest margin: Evidence from the Lebanese banking sector. Journal of Money, Investment and Banking, 23(3), 85–98 https://www.researchgate.net/profile/Ali-Awdeh/publication/325997470_The_Determinants_of_Bank_Net_Interest_Margin_Evidence_from_the_Lebanese_Banking_Sector/links/5b326c580f7e9b0df5ccac1b/The-Determinants-of-Bank-Net-Interest-Margin-Evidence-from-the-Lebanese-Banking-Sector.pdf.
- Hanggraeni, D. (2018). Competition, bank fragility, and financial crisis. Banks and Bank Systems, 13(1), 22–36. https://doi.org/10.21511/bbs.13(1).2018.03
- Hsiao, C. (2007). Panel data analysis—advantages and challenges. Test, 16(1), 1–22. https://doi.org/10.1007/s11749-007-0046-x
- IBC (2016).Insolvency and bankruptcy code act 2016, available at: https://www.mca.gov.in/Ministry/pdf/TheInsolvencyandBankruptcyofIndia.pdf
- IBC (2020). Implementation of insolvency and bankruptcy of code -pitfalls and solutions. 32nd report of standing committee of finance of 7th Lok Shabha, available at: https://www.ibbi.gov.in/uploads/whatsnew/fc8fd95f0816acc5b6ab9e64c0a892ac.pdf
- Ikpesu, F. (2019). Firm specific determinants of financial distress: Empirical evidence from Nigeria. Journal of Accounting and Taxation, 11(3), 49–56. https://doi.org/10.5897/JAT2019.0333
- Jaafar, M. N., Muhamat, A. A., Alwi, S. F. S., & Karim, N. A. (2018). Determinants of financial distress among the companies practise note 17 listed in Bursa Malaysia. INTERNATIONAL JOURNAL OF ACADEMIC RESEARCH IN BUSINESS AND SOCIAL SCIENCES, 8(11), 798–809. https://doi.org/10.6007/IJARBSS/v8-i11/4956
- Jahur, M. S., & Quadir, S. N. (2012). Financial distress in small and medium enterprises (SMES) of Bangladesh: Determinants and remedial measures. Economia. Seria Management, 15(1), 46–61 https://d1wqtxts1xzle7.cloudfront.net/81631854/4-with-cover-page-v2.pdf?Expires=1662643041&Signature=TFzHqQB-gUeGGF2XfcoftHVKEbNnKfoV-xCHw71rZYRtB7KuEaP8goMH8noiL9qAukHSmAJ9xg-0K3uys9EbAf9ciTS9u~jkEsM4WiPbn3ofe~h0byqIGgGLxZNzpn7F1tyhDiAOOUOiaTqymzWWDMFpZpuqPxXUmUoYPSlBggOQfoEuroTlEoyBAd9KzHu9qtsJCNuKvM01SISRJ8V7IPRd4cdXEgjfoEp3NcA5T~Aof5FnRVnSUcIbLI9N1pjX-tkWOfbbLc1A9t0ChsTYm9KqHZmf0SMym5r7s1piGUTQ13ZyRn-5b2EzrU2YIuj0jbK4lQ9PpvHH1BSCgVJWAQ__&Key-Pair-Id=APKAJLOHF5GGSLRBV4ZA.
- Jain, A., & Jain, P. (2020). The merger of banks in India: Boon or bane for the Indian economy. European Journal of Interdisciplinary Research, 1(1), 46–51 http://dx.doi.org/10.5281/zenodo.4006607.
- Jasrotia, S. S., & Agarwal, T. (2021). Consolidation of Indian PSU banks and the way forward. Journal of Public Affairs, 21(1), e2133. https://doi.org/10.1002/pa.2133
- Jayadev, M., Singh, H., & Kumar, P. (2017). Small finance banks: Challenges. IIMB Management Review, 29(4), 311–325. https://doi.org/10.1016/j.iimb.2017.10.001
- Joseph, A. L., & Prakash, M. (2014). A study on analyzing the trend of NPA level in private sector banks and public sector banks. International Journal of Scientific and Research Publications, 4(7), 1–9. https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.571.9632&rep=rep1&type=pdf.
- Kabir, A., & Dey, S. (2012). Performance analysis through CAMEL rating: A comparative study of selected private commercial banks in Bangladesh. Journal of Politics and Governance, 1(2and3), 16–25. https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.703.8799&rep=rep1&type=pdf#page=16.
- Kishore, K. (2015). Small finance banks: New category of differentiated banks. FIIB Business Review, 4(4), 13–20. https://doi.org/10.1177/2F2455265820150402.
- Kristanti, F. T., Rahayu, S., & Huda, A. N. (2016). The determinant of financial distress on Indonesian family firm. Procedia-Social and Behavioral Sciences, 219 (2016) , 440–447. https://doi.org/10.1016/j.sbspro.2016.05.018
- Kumar, V., & Shah, D. (2009). Expanding the role of marketing: From customer equity to market capitalization. Journal of Marketing, 73(6), 119–136.
- Lee, T. S., & Yeh, Y. H. (2004). Corporate governance and financial distress: Evidence from Taiwan. Corporate Governance: An International Review, 12(3), 378–388. https://doi.org/10.1111/j.1467-8683.2004.00379.x
- Lerner, A. P. (1934). The concept of monopoly and the measurement of monopoly power. The Review of Economic Studies, 1(3), 157–175. https://doi.org/10.2307/2967480
- Leroy, A., & Lucotte, Y. (2017). Is there a competition-stability trade-off in European banking? Journal of International Financial Markets, Institutions and Money, 46(1), 199–215. https://doi.org/10.1016/j.intfin.2016.08.009
- Lizal, L. (2002). Determinants of financial distress: What drives bankruptcy in a transition economy? The Czech Republic case. The Czech Republic Case (January 2002), Phare ACE grant, available at: http://intranet.ef.uni-lj.si/apps/95_AdministracijaRCEF/seminarji/datoteke/lizalfin4ljublj.pdf
- Madrid-Guijarro, A., García-Pérez-De-Lema, D., & Van Auken, H. (2011). An analysis of non-financial factors associated with financial distress. Entrepreneurship and Regional Development, 23(3–4), 159–186. https://doi.org/10.1080/08985620903233911
- Majeed, M. A., Yan, C., & Tauni, M. Z. (2018). How does competition shape managerial decisions? Product market competition and financial statement comparability. Management Decision, 56(11), 2437–2471. https://doi.org/10.1108/MD-04-2017-0319
- Maji, S. G., & Hazarika, P. (2018). Capital regulation, competition and risk-taking behavior of Indian banks in a simultaneous approach. Managerial Finance, 44(4), 459–477. https://doi.org/10.1108/MF-09-2017-0340
- Mamo, A. Q. (2011). Applicability of Altman (1968) model in predicting financial distress of commercial banks in Kenya ( Doctoral dissertation). School of Business, University of Nairobi.
- Max, L. H., & Altman. (2011). PREDICTING FINANCIAL DISTRESS OF COMPANIES: REVISITING THE Z-SCORE AND ZETA® MODELS. New York University.
- Misra, B. S. (2006). The Performance of regional rural banks (RRBs) in India: has past anything to suggest for future. Reserve Bank of India Occasional Papers, 27(1), 89–118 https://www.researchgate.net/profile/Biswa-Misra/publication/23777397_The_Performance_of_Regional_Rural_Banks_RRBs_in_IndiaHas_Past_Anything_to_Suggest_for_Future/links/547766500cf205d1687a7dac/The-Performance-of-Regional-Rural-Banks-RRBs-in-IndiaHas-Past-Anything-to-Suggest-for-Future.pdf.
- Moosa, I. A. (2010). Basel II as a casualty of the global financial crisis. Journal of Banking Regulation, 11(2), 95–114. https://doi.org/10.1057/jbr.2010.2
- Moyer, S. E. (1990). Capital adequacy ratio regulations and accounting choices in commercial banks. Journal of Accounting and Economics, 13(2), 123–154.
- Narayan, P. K., Mishra, S., & Narayan, S. (2011). Do market capitalization and stocks traded converge? New global evidence. Journal of Banking & Finance, 35(10), 2771–2781. https://doi.org/10.1016/j.jbankfin.2011.03.010
- Narula, S., & Singla, M. (2014). Empirical study on non-performing assets of bank. International Journal of Advance Research in Computer Science and Management Studies, 2(1), 194–199 https://d1wqtxts1xzle7.cloudfront.net/35504237/v2i1-0032-with-cover-page-v2.pdf?Expires=1662644463&Signature=eOSHpt~VkkeKdFU-33IfgQR-uDdaGT56~2zibz4db~IhjEWvO~MH5GRRIsdzEohPAOggj2xiza1cdWIF8CRuofud52qoviki6yZhwilbW3aVQY-Xu-1UiMGyhxNuca8yHfuLZxvmXPNA1W12DkpPJYMGTF81wzpTDa~N9itgLcXaoLUH~TuxkWKgkeRcF5qwNtYDpAgy~NHozLjCZmpzMWU1gx8VC~5apl0joRnns9TV610UUhmH-cfDX11~QjDwSynjzKsdW61SNJBHFazF2NODVkKmwQfXQOSFUXVEIfAT9Sd-bi-FuBtbN6dVxCTBfoFJ6-6D92yZY6qh9dBB0Q__&Key-Pair-Id=APKAJLOHF5GGSLRBV4ZA.
- Nguyen, J. (2012). The relationship between net interest margin and noninterest income using a system estimation approach. Journal of Banking & Finance, 36(9), 2429–2437. https://doi.org/10.1016/j.jbankfin.2012.04.017
- Nikolova, L. V., Rodionov, D. G., & Mottaeva, A. B. (2016). Securitization of bank assets as a source of financing the innovation activity. International Journal of Economics and Financial Issues, 6(S3), 1–7 https://dergipark.org.tr/en/pub/ijefi/issue/31980/352636.
- Noman, A. H. M., Gee, C. S., & Isa, C. R. (2018). Does bank regulation matter on the relationship between competition and financial stability? Evidence from Southeast Asian countries. Pacific-Basin Finance Journal, 48(C), 144–161. https://doi.org/10.1016/j.pacfin.2018.02.001
- Obembe, O. B., & Soetan, R. O. (2015). Competition, corporate governance and corporate performance: Substitutes or complements? Empirical evidence from Nigeria. African Journal of Economic and Management Studies, 6(3), 251–271. https://doi.org/10.1108/AJEMS-02-2012-0007
- Ohlson, J. (1980). FINANCIAL RATIOS AND THE PROBABILISTIC PREDICTION OF BANKRUPTCY. Journal of Accounting Research, 18(1), 109–131. https://doi.org/10.2307/2490395
- Oliver, W. (2017). INDIA’S PUBLIC-SECTORBANKING CRISIS Oliver Wyman. 8(9.21): 1–14. https://www.oliverwyman.com/content/dam/oliver-wyman/v2/publications/2017/aug/Indias_Public-Sector_Banking_Crisis_Whither_The_Withering_Banks.pdf
- Pakravan, K. (2014). Bank capital: The case against Basel. Journal of Financial Regulation and Compliance, 22(3), 208–218. https://doi.org/10.1108/JFRC-09-2013-0030
- Paule-Vianez, J., Gutiérrez-Fernández, M., & Coca-Pérez, J. L. (2019). Prediction of financial distress in the Spanish banking system: An application using artificial neural networks. Applied Economic Analysis, 28(82), 69–87. https://doi.org/10.1108/AEA-10-2019-0039
- Pradhan, R. (2014). Z score estimation for Indian banking sector. International Journal of Trade, Economics and Finance, 5(6), 516. https://doi.org/10.7763/IJTEF.2014.V5.425
- Pramudena, S. M. (2017). The impact of good corporate governance on financial distress in the consumer goods sector. J. Fin. Bank. Review, 2(4), 46–55. https://sgsrjournals.co.in/paperdownload/3.pdf)
- Prasad, K. V. N., & Ravinder, G. (2012). A CAMEL model analysis of nationalized Banks in India. Journal of Venture Capital & Financial Services, 6(1), 5–15 https://sgsrjournals.co.in/paperdownload/3.pdf.
- Prasad, A., & Reddy, C. P. (2009). Global financial crisis and its impact on India. Journal of Social Sciences, 21(1), 1–5. https://doi.org/10.1080/09718923.2009.11892744
- Pryor, C. S., & Carg, R. (2020). Differential treatment among creditors under India’s Insolvency and Bankruptcy Code, 2016: Issues and solutions. The American Bankruptcy Law Journal, 94(1), 123–153. https://ssrn.com/abstract=3676489.
- Rastogi, S. (2014). The financial crisis of 2008 and stock market volatility–analysis and impact on emerging economies pre and post crisis. Afro-Asian Journal of Finance and Accounting, 4(4), 443–459. https://doi.org/10.1504/AAJFA.2014.067017
- RBI (2021). available at: https://rbi.org.in/Scripts/PublicationsView.aspx?id=20270
- Reddy, S. (2018). Announcement of payment banks and stock performance of commercial banks in India. Journal of Internet Banking and Commerce, 23(1), 1–12. https://www.icommercecentral.com/open-access/announcement-of-payment-banks-and-stock-performance-of-commercial-banks-in-india.php?aid=86885&view=mobile.
- Reinhart, C. M., & Rogoff, K. S. (2011). From financial crash to debt crisis. American Economic Review, 101(5), 1676–1706. https://doi.org/10.1257/aer.101.5.1676
- Saha, M., & Dutta, K. D. (2020). Nexus of financial inclusion, competition, concentration and financial stability: Cross-country empirical evidence. Competitiveness Review: An International Business Journal, 31(4), 669–692. https://doi.org/10.1108/CR-12-2019-0136
- Samitas, A., & Polyzos, S. (2015). To Basel or not to Basel? Banking crises and contagion. Journal of Financial Regulation and Compliance, 23(3), 298–318. https://doi.org/10.1108/JFRC-11-2014-0045
- Schwerter, S. (2011). Basel III’s ability to mitigate systemic risk. Journal of Financial Regulation and Compliance, 19(4), 337–354. https://doi.org/10.1108/13581981111182947
- Sehgal, S., Mishra, R. K., Deisting, F., & Vashisht, R. (2021). On the determinants and prediction of corporate financial distress in India. Managerial Finance, 47(10), 1428–1447. https://doi.org/10.1108/MF-06-2020-0332
- Setodji, C. M., & Shwartz, M. (2013). Fixed-effect or random-effect models: What are the key inference issues? Medical Care, 51(1), 25–27. https://doi.org/10.1097/MLR.0b013e31827a8bb0
- Shajahan, K. (1998). Non-performing assets of banks: Have they really declined? And on whose account? Economic and Political Weekly, 33(12), 671–674. https://www.jstor.org/stable/4406554.
- Singh, V. R. (2016). A study of non-performing assets of commercial banks and it’s recovery in India. Annual Research Journal of SCMS, Pune, 4 (1), 110–125. https://www.scmspune.ac.in/chapter/2016/Chapter%209.pdf.
- Spierdijk, L., & Zaouras, M. (2017). The Lerner index and revenue maximization. Applied Economics Letters, 24(15), 1075–1079. https://doi.org/10.1080/13504851.2016.1254333
- Wanderi, R. G. (2016). Influence of corporate governance practice on financial distress among commercial Banks in Kenya. University of Nairobi. availabe at http://erepository.uonbi.ac.ke/bitstream/handle/11295/100230/Wanderi_Influence%20of%20Corporate%20Governance%20Practice%20on%20Financial%20Distress%20Among%20Commercial%20Banks%20in%20Kenya.pdf?sequence=1&isAllowed=y
- Wanke, P., Barros, C. P., & Faria, J. R. (2015). Financial distress drivers in Brazilian banks: A dynamic slacks approach. European Journal of Operational Research, 240(1), 258–268. https://doi.org/10.1016/j.ejor.2014.06.044
- Whitaker, R. B. (1999). The early stages of financial distress. Journal of Economics and Finance, 23(2), 123–132. https://doi.org/10.1007/BF02745946
- World Bank (2019). available at: https://data.worldbank.org/indicator/FB.AST.NPER.ZS?end=2019&locations=IN&start=2008&view=chart
- Yazdanfar, D., & Öhman, P. (2020). Financial distress determinants among SMEs: Empirical evidence from Sweden. Journal of Economic Studies, 47(3), 547–560. https://doi.org/10.1108/JES-01-2019-0030
- Yousaf, U. B., Jebran, K., & Wang, M. (2021). Can board diversity predict the risk of financial distress? Corporate Governance: The International Journal of Business in Society, 21(4), 663–684. https://doi.org/10.1108/CG-06-2020-0252
- Zaki, E., Bah, R., & Rao, A. (2011). Assessing probabilities of financial distress of banks in UAE. International Journal of Managerial Finance, 7(3), 304–320. https://doi.org/10.1108/17439131111144487
- Zhang, Z., Xie, L., Lu, X., & Zhang, Z. (2016). Determinants of financial distress in large financial institutions: Evidence from US bank holding companies. Contemporary Economic Policy, 34(2), 250–267. https://doi.org/10.1111/coep.12105